Professor Bitcorn is right, BTC to $10

[Mellnik]

I hope so this will happen. I can wait till early 2015 if needed. Would be awesome.

Nobody cares.

[1714950649]

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[1714950649]

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[1714950649]

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[pork pie]

What kind of Professor is doing such shitty predictions? i hope he doesnt teach economy.

He is a faculty member in the Finance and Economics Department at Boston University where he teaches courses in banking, risk management and capital market activities.

http://en.wikipedia.org/wiki/Mark_T._Williams

Does that count as teaching economy?

[nicepumper]

Im going to buy all of it so all these theories of Bitcoin crashing at these low prices are stupid lol.

[niktitan132]

Professor Bitcorn is wrong. 

[xcrabber]

How come he got the name Professor Bitcorn?

Obviously it's a derisive putdown but it's unclear where it first appeared.

I seemed to be used almost immediately both here at Bitcointalk and at Reddit and quickly became a meme  of sorts, spawning countdown-to-$10 websites, a spoof Twitter account and getting prominent mention in his Wikipedia entry.

Like many memes the actual creator remains obscure.

Anyone have more info?

The good prof. came up with the meme,  he called it "bitcorn" during the hearings.

[mustang77]

Goofy name, even goofier advice.

[KLD]

Or a parody of the bulltards.

Bingo   but I think theres an element of truth to it, on a serious note, I am genuinely bearish and we will make new lows, $10 sounds extreme but double digits isn't out the question, anyway back into character...

It is already a functioning worldwide payment network backed by a 500million infrastructure,

We can use Professor Bitcorn's Crypto Currency Theory which states the underlying value of coins proportionally increases in infrastructure spending, yet decreases from the minting of new coins and is equal to total infrastructure expenditure divided by the coins in circulation, Divided by Pi.

So using these figures:
$500M in infrastructure and 13M coins in circulation

500 000 000/ 13 000 000 = 38.461538

38.461538 / 3.1415= $12.24304

[KLD]

You have been warned, cut your loose

[KLD]

https://i.imgur.com/HRnQm5I.jpg